Marathon Petroleum Corp. prices $2.5 billion senior notes offering
Marathon Petroleum Corporation (MPC)
Last marathon petroleum corporation earnings: 1/29 06:30 am
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US:NYSE Investor Relations:
ir.marathonpetroleum.com
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Source: PR Newswire
FINDLAY, Ohio, April 23, 2020 /PRNewswire/ -- Marathon Petroleum Corporation (NYSE: MPC) announced today that it has priced $2.5 billion in aggregate principal amount of unsecured senior notes in an underwritten public offering consisting of $1.25 billion principal amount of 4.500% senior notes due 2023 and $1.25 billion principal amount of 4.700% senior notes due 2025. The 2023 senior notes and the 2025 senior notes were offered at a price to the public of 99.941% and 99.805% of par, respectively.MPC intends to use the net proceeds from this offering to repay amounts outstanding under its five-year revolving credit facility, prefund the repayment of other indebtedness with near term maturities and for general corporate purposes.The closing of the senior notes offering is expected to occur on April 27, 2020, subject to satisfaction of customary closing conditions.Citigroup Global Markets Inc., J.P. Morgan Securities LLC, and Mizuho Securities USA LLC are acting as joint book-running
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News
- Barclays Points to Midstream Stability in Marathon Petroleum (MPC) Price Target Hike [Yahoo! Finance]Yahoo! Finance
- Marathon Petroleum (NYSE:MPC) had its price target raised by analysts at Raymond James Financial, Inc. from $200.00 to $215.00. They now have an "outperform" rating on the stock.MarketBeat
- Marathon Petroleum (MPC): Exploring Today's Valuation After a Year of Strong Returns [Yahoo! Finance]Yahoo! Finance
- Marathon Petroleum (MPC) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates [Yahoo! Finance]Yahoo! Finance
- Marathon Petroleum (NYSE:MPC) had its price target raised by analysts at Barclays PLC from $194.00 to $202.00. They now have an "overweight" rating on the stock.MarketBeat
MPC
Earnings
- 11/4/25 - Miss
MPC
Sec Filings
- 11/4/25 - Form 8-K
- 11/4/25 - Form 10-Q
- 11/4/25 - Form 8-K
- MPC's page on the SEC website